Category: Insights

Dow Theory Update for October 9: Secondary reaction for stocks continues unabated

posted on: October 9, 2014

Gold and Silver miners have not reconfirmed the primary bear market yet US Stocks The SPY, the Transports and the Industrials closed down and jointly violated the Oct, 7 secondary reaction closing lows. So, confirmed lower (minor) lows seem to suggest lower prices. I must stress, though, that I am not in the business of […]

Dow Theory Update for October 3: Primary bear market for Gold and Silver reconfirmed

posted on: October 3, 2014

SIL and GDX very close to reconfirming primary bear market (but not there…yet) US Stocks The SPY, and the Industrials closed up. The Transports closed up. Prices remains slightly above the Sep. 25thclosing lows. It is still too early to declare the existence of a secondary reaction. The primary trend remains bullish, as explained here, […]

Dow Theory Update for October 1: Secondary (bearish) reaction for stocks signaled today

posted on: October 1, 2014

The primary trend remains bullish, though. Very short update, as I don’t have ample time. The Industrials have been declining for 8 trading days. The SPY and the Transports for 9 trading days. All of them have declined for more than 10 calendar days. Hence the time requirement for a secondary reaction (under Schannep’s rules) […]

Dow Theory Update for September 29: Precious metals still looking at the abyss

posted on: September 29, 2014

Too early to declare a secondary reaction in stocks US Stocks The SPY, and the Industrials closed down. The Transports closed up. Prices remains slightly above the Sep. 25th closing lows. It is still too early to declare the existence of a secondary reaction. The primary trend remains bullish, as explained here, and more in-depth […]

Dow Theory Update for September 25: Stocks continue making lower lows

posted on: September 25, 2014

Gold and silver have not re-confirmed primary bear market yet. US Stocks The SPY, Industrials, and Transports closed down . In spite of stocks making lower (minor) lows, it is still too early to declare the existence of a secondary reaction. The primary trend remains bullish, as explained here, and more in-depth here. The primary […]

Dow Theory Update for September 23: Stocks decline. Too early, though, to declare the existence of a secondary reaction

posted on: September 23, 2014

Gold and Silver remain walking on thin ice. Very brief Dow Theory update today. US STOCKS Recent declines from the last (confirmed) primary bull market highs do not qualify as a secondary reaction yet. We still have to wait. Thus, the primary and secondary trend remains bullish. Gold and Silver While we are very close […]

Dow Theory Update for September 19: Gold and Silver are very close to re-confirming primary bear market

posted on: September 19, 2014

Stocks, well (at least technically), as usual. I devote this post to gold and silver. As you can see on the chart below, silver (SLV) is clearly below the red line, which is a horizontal projection of the June 27th, 2013 primary bear market lows. However, hitherto gold (GLD) has not confirmed and remains above […]

Dow Theory Update for September 17: The Industrials finally bettered their last recorded highs

posted on: September 17, 2014

Precious metals weak and no trends changed US Stocks The SPY, Industrials, and Transports closed up. The Industrials finally broke above their last recorded primary bull market closing highs (July 16th). Even though, as per my own Dow Theory “flavor,” the primary bull market was reconfirmed on September 3rd (as the SPY and Transports broke […]

Dow Theory Update for September 16: No primary and secondary trend has changed

posted on: September 16, 2014

On September 12th Silver closed atthe primary bear market lows (which is not a violation) US Stocks The SPY, Industrials, and Transports closed up. The Industrials remain below the last recorded primary bull market closing highs (by a hair, but below nevertheless). The primary trend remains bullish, as explained here, and more in-depth here. […]

Dow Theory Update for September 10: Stocks closed up, and the Industrials remain below their last recorded primary bull market highs

posted on: September 10, 2014

Gold and silver continue flirting with a primary bear market signal (but not there yet or never). US Stocks The SPY, Industrials, and Transports closed up. The Industrials remain below the last recorded primary bull market closing highs. The primary trend remains bullish, as explained here, and more in-depth here. The primary trend […]

Dow Theory Update for September 8: GLD and SLV are flirting with the primary bear market lows

posted on: September 8, 2014

If such lows were violated, the primary bear market for precious metals would be reconfirmed US Stocks The SPY, Industrials, and Transports closed down. The Industrials remain below the last recorded primary bull market closing highs. The primary trend remains bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish […]

Dow Theory Update for September 5: The Industrials haven’t bettered their last recorded primary bull market highs

posted on: September 5, 2014

Precious metals listless US Stocks The SPY, Industrials, and Transports closed up. The Industrials remain below the last recorded primary bull market closing highs. The primary trend remains bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, 2013, and November 13th, 2013, March 7th, 2014, and […]